The wealthy people of Zui in the world today want to make major changes on social media, but there are still many controversies in terms of acquisition funds, corporate organizational structure, and ownership!
Elon Musk has been a supporter of free speech, as he has been to criticise twitter before he bought Twitter.
Twitter's board of directors announced Monday that it unanimously agreed to sell the entire platform to Tesla Motors' CEO for $44 billion, with shareholders receiving $54.20 per share, a 38 percent premium to the stock price at the close of trading on April 1. The transaction process is expected to close by the end of this year.
Elon Musk has 84.5 million followers on the site and shared the good news
When did the acquisition plan begin?
On April 4, Musk revealed that he had acquired a 9.1% stake in Twitter, making himself the largest shareholder at the time. After being overtaken by pioneer group, he won a seat on the company's board of directors, but Musk refused.
Musk then unexpectedly again proposed on April 14 to buy a 100 percent stake in Twitter for about $43 billion. At this point, Twitter's directors attempted to fight back with a "poison pill" shield plan, adopting a limited-term shareholder rights plan that allowed shareholders to buy more shares at a lower price.
What are Elon Musk's plans for Twitter?
Musk promised that he would ease the platform's restrictions on users posting content, eliminate ads, reduce spam, and open the platform's algorithms so that users can add edit buttons to change Twitter.
However, not everyone is welcome, and former US President Trump is the politician who posts the most on Twitter. His account was banned by the platform on January 6. Even if Musk buys Twitter, Trump has no interest in returning to Twitter.
"I hope Elon acquires Twitter because he will improve on it and he is a good guy but I will continue to stay in Trust"
What is Elon Musk's net worth?
Musk has been voted the world's richest group since January 2021, with his personal assets valued at about $257 billion as of Tuesday. The main income is due to his 21% stake in Tesla.
In addition to helming new energy vehicle giant Tesla, he is also a co-founder of airline SpaceX, infrastructure entity The Boring Company, neurotechnology venture capital Neuralink and artificial intelligence company OpenAI.
SpaceX rocket
Musk's Starlink program
The ambitious genius Musk, as if alien, everyone seems to be a wild idea has been realized step by step, from recyclable rockets, new energy self-driving car Tesla, the plan to move to Mars, open interstellar tourism, and then to the threatening "Starlink" plan, after the acquisition of Twitter, what is the next plan? What do you think about that?